Gm leads $50 million funding round in energyx to unlock u.s.-based lithium supply for rapidly scaling ev production

Austin, texas and detroit, april 11, 2023 /prnewswire/ -- energy exploration technologies inc. ("energyx") and general motors co. (nyse: gm) today announced that gm ventures is leading a $50 million series b financing round in energyx, and has entered into a strategic agreement to develop energyx's lithium extraction and refinery technology. the collaboration is focused on unlocking the north american supply of lithium, a critical material for ev batteries, by using energyx's innovative process to maximize efficiency while improving sustainability for gm's rapidly scaling ev production.
GM Ratings Summary
GM Quant Ranking